Glossary / General

depreciate

18 Episode Mentions
Too Afraid to Ask

Depreciation is when something loses its value over time. For cars, this means they are worth less money as they get older.

Technical Definition

Depreciation refers to the decrease in value of an asset over time, particularly in the automotive context where vehicles typically lose value as they age and accumulate mileage. Understanding depreciation is crucial for buyers and sellers in the automotive market.

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